nestle sa-spons adr (NSRGY) Top Compensated Officers

nestle sa-spons adr (NSRGY) Key Developments

Nestle Launches Nestle Research & Development Center in Solon, Ohio

Jul 22 15

Nestle announced the grand opening of its new Nestle Research & Development Center in Solon, Ohio, and marked the completion of a $50 million, two-year project to establish this global center dedicated to transforming the way the world enjoys frozen and chilled foods. In the new 144,000 square foot facility, Nestle R&D Solon will balance consumer-centered innovation with technology leadership. While the center's mission is to sustain global needs, its location in Ohio reflects the growth in size and complexity of Nestle's frozen and chilled foods businesses in the United States, where well-known Nestle brands lead in their various categories. That growth made an expanded and collaborative research and development effort necessary.

Nestlé S.A. Announces Executive Changes

Jun 23 15

Nestlé S.A. announced that José Lopez, Executive Vice President in charge of Operations, will take a well-deserved retirement at the end of September 2015. The Board of Directors has appointed Magdi Batato, currently Market Head of Pakistan, as member of the Executive Board, to succeed José Lopez as Executive Vice President in charge of Operations, effective 1 October 2015. Magdi Batato, joined the group in Switzerland in 1991 as an engineer. His factory and production management experiences took him to Germany, Lebanon and South Africa. In May 2012, Magdi Batato was appointed Market Head of Pakistan.

The Board of Directors of Nestlé S.A. appointed François-Xavier Roger, currently Chief Financial Officer of Takeda Pharmaceutical, Japan, as Executive Vice President and Chief Financial Officer, effective July 1, 2015. François-Xavier Roger is a truly international executive, having lived and worked in France, the United States, South Africa, Mexico, Singapore, Luxemburg and Japan.

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